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Lawsuit: Credibility issues cost LMC $1B | News, Sports, Jobs

rselak@tribtoday.com LORDSTOWN Wrongdoing and misleading public statements by officers and directors of Lordstown Motors Corp. have devastated the electric-truck startup’s credibility and caused it to lose more than $1 billion in value, according to the latest lawsuit filed against the company. This action in federal court in Delaware alleges “substantial financial and reputational harm” resulted from the misconduct, which also opened up the company to “potentially hundreds of millions of dollars” in damages connected to four investor class-action lawsuits. The action, a stockholder derivative complaint, was filed by shareholders Daniel J. and David M. Cohen on behalf of Lordstown Motors against its executives and former executives of New York-based DiamondPeak Holdings Corp., the special acquisition purpose company that merged with the automaker in October to make it a publicly traded company.

Lordstown Motors sued again | News, Sports, Jobs

LORDSTOWN Wrongdoing and misleading public statements by officers and directors of Lordstown Motors Corp. have devastated the electric-truck startup’s credibility and caused it to lose more than $1 billion in value, according to the latest lawsuit filed against the company. This action in federal court in Delaware alleges “substantial financial and reputational harm” resulted from the misconduct, which also opened up the company to “potentially hundreds of millions of dollars” in damages connected to four investor class-action lawsuits. The action, a stockholder derivative complaint, was filed by shareholders Daniel J. and David M. Cohen on behalf of Lordstown Motors against its executives and former executives of New York-based DiamondPeak Holdings Corp., the special acquisition purpose company that merged with the automaker in October to make it a publicly traded company.

Leap to space this New Year s Eve with realmeow space adventure livestream Hello 2021!

Leap to space this New Year’s Eve with realmeow space adventure livestream. Hello 2021! December 31, 2020 The young and trendsetting smartphone brand is back again with a trendy gift for its fans on New Year. With farewells to 2020 and hellos to 2021 realme brings an exciting little hero to spice up your New Year’s Eve. realme shall be premiering ‘realmeow’, its Chief Trendsetting Officer that comes to democratize trendsetting culture and showcase the diversified personality of Gen-Z. ‘realmeow’ movie will be Streaming Live Globally on realme’s Official Facebook Page at 1700 PST on December 31, 2020. There was a trailer released on realme’s official social media accounts that have mesmerized the audience. realmeow is a combination of high technology and a trendsetting design inspired by a cat. Coming from the Trendsetting Planet, realmeow is of bold and street-style design, representing the spirit of ‘Dare to Leap’. It is independent, breakthrough, fearless,

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